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After-hours buzz: Nike, United Technologies, LyondellBasell & more

Check out the companies making headlines after the bell Tuesday:

Nike shares stumbled in extended trading as the athletic apparel company's revenue and future orders fell short of estimates. Nike posted diluted earnings of 49 cents per share on $8.24 billion in revenue. Earnings per share were flat from the prior-year quarter, while revenue climbed 6 percent from $7.78 billion.

Analysts expected Nike to report earnings of 48 cents per share on sales of $8.28 billion for its fiscal 2016 fourth quarter, according to a consensus estimate from Thompson Reuters.

Futures orders excluding currency changes rose 11 percent, slightly short of the 12 percent Wall Street had estimated, according to StreetAccount.

Foot Locker and Under Armour also dipped on the report.

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Spencer Platt | Getty Images

LyondellBasell shares continued to dip after they were downgraded by RBC Capital Markets late last week. The chemical company is headquartered in Rotterdam, Netherlands. European companies have been pressured by political and economic uncertainty after Britain voted to leave the European Union late last week.

Shares of United Technologies popped after the bell after a rival announced a leadership change. Honeywell said that Darius Adamczyk, now president and chief operating officer, will succeed Dave Cote as CEO next year. Cote will start a five-year consulting and non-compete agreement with Honeywell, the company announced.

Cote spearheaded a campaign for Honeywell to acquire United Technologies for over $90 billion, but the company eventually dropped the bid.

PayPal shares inched briefly higher on unconfirmed reports that MasterCard might be interested in the company. Blog Seeking Alpha was the only media outlet carrying the report.

— CNBC's Richard Washington contributed to this report.